Woods Canyon Lake is a small lake located in northern Arizona, about 30 mi (48 km) east of the city of Payson. It is one in a series of small, canyon-bound lakes located on the Mogollon Rim, collectively referred to as the Rim Lakes. It is among the more developed and accessible of the Rim Lakes. It is also the first reservoir on Chevelon Creek, upstream from Chevelon Canyon Lake.

Woods Canyon Lake is small and moderately deep, having an average depth of 25 ft (7.6 m) and a surface area of 55 acres (220,000 m2). The long, narrow lake is formed by an earthen dam impounding the Chevelon Creek in Woods Canyon. It was created primarily for recreational purposes.

The lake is accessed via paved forest roads that are open most of the year, although access may be restricted due to snow during winter months from December to April.[1] During the summer months the lake is regularly stocked with rainbow trout. Self-sustaining brown trout can also be found in the lake.[1]